Copper held steady on the London Metal Exchange during morning trading on Thursday August 15 despite stocks rising by 32,000 tonnes taking to above 300,000 tonnes for the first time since July 5.
The three-month copper price has trended lower so far this month, slipping below $6,000 per tonne to its lowest since 2017 at $5,640 per tonne on August 5. It was recently at $5,742 per tonne, down just 0.4% on the morning and up from an intra-morning low of $5,727 per tonne. More than 3,200 lots had changed hands as of 9:35am London time. Stock flows were into Asia and Europe - 11,225 tonnes were...